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Euro shorts are getting fried following the ECB rate decision (no change) and ahead of Mario...

Euro shorts are getting fried following the ECB rate decision (no change) and ahead of Mario Draghi's press conference at which big things are expected. The euro +1% vs. the greenback to $1.2342. Maybe more interesting is movement higher in the euro/Swiss franc cross, now at 1.2025 after being locked at 1.2010 for months. FXE +1% premarket.
Comments (1)
  • So now we wait for the speech from Mario Draghi to see if he has a plan to back up his speech from last week to do whatever it takes to save the Euro. He surely must now have to come up with a definitive plan for the short term or we could see another large Euro sell off.
    2 Aug 2012, 08:39 AM Reply Like
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